Minister confident on outlook for 2012

Hue said this was being done to stabilise the macro-economy while helping enterprises overcome their difficulties.

At a press conference earlier this week, Hue said that if the
situation warranted, the ministry would ask the Government to delay and
exempt tax for enterprises as it did this year.

"However, help for enterprises must have minimum impact on inflation control," he said.

As for the price of essential products, including electricity, coal,
petrol and public services, the minister said market principles would
prevail.

"If we fail to manage prices well, there is a
danger of recurring price hikes," Hue said. "That is why price
inspections are extremely important."

He added that
inspections and auditing would largely focus on the Vietnam National
Petroleum Corporation and Vietnam Electricity - and that any adjustments
would be made in conjunction with supportive measures for the poor.

On restructuring the economy, Hue said work must be done on public
investment, especially in State-run groups and corporations.

Other areas of concern are commercial banks, the stock market,
insurance and capital, and the financial autonomy of public non-business
entities.

"The ministry has completed the drafting of a
project on restructuring State-run enterprises. It received ideas from
the Government before submitting the outline to the Party Central
Committee and Politburo for approval," he added.

Hue
said he hoped the quality of commodities on the stock market would
improve thanks to the acceleration of the equitisation of major State
owned enterprises (SOEs), and that short and long-term measures for the
stock market would soon be announced soon.

"I
believe that when the macro economy improves and measures for the stock
markets are applied, the market will overcome the difficulties and
continue to revive and develop in 2012," the minister said. /.